LUCENT TECHNOLOGIES INC
(LU-NYSE):
Technical Viewpoint: From a low
of $51 7/8 on Apr 19, 1999 prices
rallied, reaching a
high of $63.31
on Apr 27, 1999. A
decline saw prices pull back, reaching a
low of
$55 3/4 on May 6, 1999.
Another rally saw prices penetrate
resistance, closing 5/10/99
at $59.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 7, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $56.00. Resistance: Is at $63.00.
Point & Figure: Reversed to the upside on May 6, 1999. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! LUCENT TECHNOLOGIES INC
(LU-NYSE) @ $59 3/4 Stop: Use a protective stop of $57 1/2.
LUCENT TECHNOLOGIES INC is currently trading @ $59.00 plus $1.25 on May 10, 1999. Price Objective:
$85.00. Risk/Reward: $2 1/4 VS. $25 1/4. Today's Risk Reward Ratio: 11:1
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